Allianz Personal chief executive officer Steve Treloar is stepping down from his role.
He will remain at Allianz until 30 June and the process for appointing a successor is already underway, according to the insurer.
Treloar (pictured) became chief executive officer of Allianz Personal in 2021 after the insurer brought its UK personal brands under one roof.
He became chief executive officer of LV= General Insurance in December 2017 and successfully led the joint venture with Allianz through to the insurer’s full ownership, including the acquisition of Legal & General’s general Insurance business at the end of 2019.
Commenting on the news, Colm Holmes, chief executive officer of Allianz Holdings, said: “During a period of determined headwinds and exciting changes, Steve has played a crucial role in the success of our business.
“I would like to thank him for his significant contribution that has earned us the recognition of being one of the leading personal lines insurers in the UK.”
He added: “Whilst a successor has not yet been appointed, I am thankful that Steve has agreed to work with the Allianz Personal senior leadership team to ensure a smooth transition.”
Treloar added: “It has been an absolute privilege to work alongside such a talented, dedicated, and passionate team. I am immensely proud of all that we have achieved over the last seven years. Having completed the integration of the L&G General Insurance business, now is the right moment to pass on the baton.”
Allianz also revealed that UK chief financial officer Fernley Dyson is also stepping down on 30 May. His replacement (subject to regulatory approval), Ulf Lange, is currently head of the business division for global lines and Anglo markets at Allianz SE.